High price of Italian prosperity

Two million people took to the streets of Rome last month to protest against terrorism, against economist Marco Biagi’s assassination and against Sylvio Berlusconi’s government. Behind the protest and beyond the politics, Italian capitalism is being profoundly restructured.

by Pierre Musso

Italy’s place in the rankings published recently by the Organisation for Economic Co-operation and Development (OECD) came as a surprise: in terms of gross domestic product per capita, Italy outpaced Sweden while the United Kingdom and France trailed in 19th place (1). But Italy’s unemployment (...)